JLL has inked a deal with Qatar-based real estate brokerage NelsonPark Property. The partnership is expected to promote residential property transactions in Qatar, while supporting investments in the UK, Europe, Middle East and Africa.
“On the back of this strategic collaboration, we will be able to leverage JLL’s global expertise and services to better support our customers, while bolstering Qatar’s residential property market,” explained Jeffrey Asselstine, Managing Director at NelsonPark Property.
The firm noted that the weaker sterling has created a window of opportunity for Middle East investors in London.
In August 2022, Saudi Arabia said it had opened the expanded Salwa border crossing facility ahead of the FIFA 2022 World Cup.
He added, “This partnership has come at the right time as Qatar gets ready to host the FIFA 2022 World Cup in a few months. Global events such as the World Cup and other reforms in the Qatar real estate market are expected to generate high demand for both residential and commercial properties in the months ahead.”
In May 2022, the Raffles Doha and Fairmont Doha opened to the public.
Through the agreement NelsonPark Property will have access to JLL’s expertise and services including residential property investment and consultancy services across the UK, Europe, Middle East and Africa. The deal will also enable JLL to collaborate with NelsonPark Property on some of Qatar’s most iconic residential projects.
“Our collaboration with NelsonPark Property – a real estate company that has been operating in Qatar for over a decade – supports JLL’s activity in the country’s real estate investment sector,” explained Will McKintosh, JLL’s Head of Residential & Investment – MENA.
He concluded, “With this collaboration, Qatari citizens and expats will be able to benefit from advice on real estate in Qatar, the Middle East and internationally, while also diversifying their assets in London and other parts of the United Kingdom.”
In September 2022, JLL appointed Saud Mohammed Alsulaimani as its KSA Country Head.
